Chipotle Mexican Grill (CMG) Gets a Burrito to the Head
Tweet
Share
E-mail
Get Alerts CMG Hot Sheet
Join SI Premium – FREE
This weekend's negative Barron's piece on Chipotle Mexican Grill, Inc. (NYSE: CMG) is starting to take a toll.
After opening lower, shares of the Mexican fast-casual restaurant chain are now at the lows of the day, down $8 or 3.5%.
Chipotle Mexican was one of four restaurant stocks Barron's called out as overvalued. The others were BJ's Restaurants (Nasdaq: BJRI), Panera Bread (Nasdaq: PNRA) and Red Robin Gourmet Burgers (Nasdaq: RRGB).
While all the stocks mentioned are lower today, Chipotle is by far the worst performer.
According to Barron's, shares trade at 35 times next year's estimated earnings. Additionally, EV/EBITA is a "whopping" 17x, which compares to the industry average is nine to 10x.
After opening lower, shares of the Mexican fast-casual restaurant chain are now at the lows of the day, down $8 or 3.5%.
Chipotle Mexican was one of four restaurant stocks Barron's called out as overvalued. The others were BJ's Restaurants (Nasdaq: BJRI), Panera Bread (Nasdaq: PNRA) and Red Robin Gourmet Burgers (Nasdaq: RRGB).
While all the stocks mentioned are lower today, Chipotle is by far the worst performer.
According to Barron's, shares trade at 35 times next year's estimated earnings. Additionally, EV/EBITA is a "whopping" 17x, which compares to the industry average is nine to 10x.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Blue Owl leads $2.4 billion debt deal for Iren data center
- Jiayin Group (JFIN) Reports Q2 Loss of RMB3.56
- Investing.com’s stocks of the week
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Barron's, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
